FRANKFURT, March 14 (Reuters) - The DAX top-30 index looked set to open 0.9 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0707 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.7 percent lower
The insurance company will publish its annual report.
Indicated 0.6 percent lower
Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in U.S. court, alleging that they improperly colluded in the run-up to a union election in Tennessee that the UAW lost.
Volkswagen’s sportscar brand Porsche presents annual results.
Indicated 4.5 percent lower
The retailer said its Q1 EBITDA rose 4.9 pct to 24.3 million euros ($33.8 million) and confirmed an outlook for full-year sales of at least 900 million euros.
No indication available
The company reported a first quarter net profit of 12.4 million euros and confirmed forecasts for the year.
Indicated 2.7 percent lower
The lottery company said a jackpot win of around 6.7 million euros in a smaller lottery means winnings payouts are higher than average in the current fiscal year, causing a negative revenue effect of 3.9 million euros. It will announce guidance for fiscal year 2014 on March 26.
HORNBACH HOLDING - Berenberg starts with ‘buy’, price target 79 euros
HORNBACH BAUMARKT - Berenberg starts with ‘buy’, price target 40.50 euros
HEIDELBERGCEMENT - Berenberg cuts to ‘hold’ from ‘buy’
Dow Jones down 1.4 pct, S&P 500 down 1.2 pct, Nasdaq down 1.5 pct at Thursday’s close.
Nikkei down 3.3 pct at Friday’s close.
Final Feb. CPI confirmed at +0.5 pct m/m +1.2 pct y/y. HICP for Feb. confirmed at +0.5 pct m/m, and +1 pct y/y.
REUTERS TOP NEWS ($1 = 0.7180 Euros) (Reporting by Edward Taylor and Victoria Bryan)